JSW Steel Ltd Updates Joint Venture with JFE as Corporation Acquires Additional Stake

JSW Steel Ltd Updates Joint Venture with JFE as Corporation Acquires Additional Stake​

JSW Steel Limited announced a major update regarding the joint venture established with Japan's JFE Steel Corporation, confirming that the transaction concerning the steel business of Bhushan Power and Steel Limited has been fully completed.

On June 30, 2026, JFE Steel Corporation acquired a further 25 percent stake in JSW JFE Kalinga for a consideration of Rs 7,875 crores. This acquisition marks the conclusion of the transaction under the joint venture.

This latest investment means that JFE now holds 50 percent of the shareholding in JSW JFE Kalinga (on a fully diluted basis).

The update pertains to JSW JFE Kalinga, which was previously known as JSW Kalinga Steel Limited. The partnership involves both companies having established joint control over JSW JFE Kalinga and its wholly owned subsidiary, JSW JFE Steel Limited, formerly known as JSW Sambalpur Steel Limited. This alignment follows an initial investment by JFE, where the company held a 25 percent stake in JSW JFE Kalinga after the first tranche of Rs 7,875 crores was invested.

JSWSTEEL Stock Price Movement​

As of 1:20 PM, shares of JSW Steel Limited are shedding value in live trading, dipping 0.06% to trade at ₹1231.6. The stock is seeing high activity as nearly 545,079 shares have been traded so far today.